President Says Jump In Jobless Rate Is 'Sobering' & Underscores Challenges : The Two-WayThe nation's 10.2% unemployment rate is a "sobering" reminder of the tough challenges the economy still faces, President Obama says.

Last month's 10.2% unemployment rate — the first time that statistic has been in double-digits since 1983 — is a "sobering" reminder that the economy faces many challenges, President Barack Obama just said: